Beachboy wrote: ↑Wed Dec 15 2021 8:43pm
This might be little consultation (and I accept nothing to do specifically with your post re PGM) but there has been quite a bit of work going on behind the scenes between me, Richard and Garindan to sort out changes to the share dealing account; bank access; transfer of information and permissions I need to fully take over as Treasurer; meetings to learn the valuation process and sort out some technical tweaks.
It's nothing against those such as yourself, Garindan, Richard who have all done tonnes of work behind the scenes - it really has been appreciated. We were all 'in' at the start of this (11 years ago!) But look at this list:
memberlist.php?mode=group&g=20
There are more people in this club than just the three who do the graft, and me. And yet no commentary on this share as it has sunk lower and lower across the year. Look at when those members last visited the site: there is no engagement. It speaks to the wider problems with imutual which were baked in at the point Richard took the site private. People have no incentive to be here at the moment.
My investment in the club is tiny, so in terms of £££ it won't impact the future of the club, but I'd rather take my funds and stick it elsewhere (Bitcoin eg) - at least that's a bit of fun! Coming here every three weeks to try and prompt some discussion over PGM as it sank lower and lower has not been fun at all.
I hope the club can turn it around but I feel it needs imutual to turn it around first. There's no sign that's going to happen anytime soon. I wish it were different - there's still tonnes of goodwill for the idea of a mutually owned cashback site, and I still think that the Cashback Investment Club is the jewel in the sites crown. But not like this.